Bank of Nova Scotia: Q2 2023 financial results: Higher PCLs and expenses as well as margin compression mitigate strong loan growth
BNS's Q2 2023 earnings reflected strong loan growth and a lower provision for income taxes, which were more than offset by higher PCLs and non-interest expenses, as well as lower margins.Scotiabank is a financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. Through its three operating segments: Canadian Banking, International Banking, and Global Banking and Markets, Co. provides a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. As of Oct 31 2017, Co. had total assets of C$915,273 million and total deposits of C$625,367 million.
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